“The business has moved into new markets thanks to the strategy and drive Lynne brings to Maxwell Bruce,” Donaldson said.

He joined Maxwell Bruce in 2003 when the Glasgow-based group was reeling from the loss of its biggest client, computer firm Fullerton.

He teamed up at that time with fellow Melville Craig veteran Chris Ferguson to buy a majority stake in Maxwell Bruce from its co-founder, Bruce Fitzgerald.

Donaldson effectively became managing director two years later when Fitzgerald died suddenly, leaving Donaldson to take over day-to-day operations.

With offices in Edinburgh, Dundee and Glasgow, Maxwell Bruce is heavily involved in the construction and engineering sectors. Going forward, it plans to target UK-wide projects with a strong focus on Scottish-based client growth.